On Wednesday, 7 January, Lithuania’s entry into the eurozone was a cause for celebration in the US capital. During a very well attended ceremony at the EU Delegation Lithuania was fêted as the 19th euro area member.
Eurozone
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The weakening of the euro against the US dollar is beneficial to Lithuania as its products become more competitive in third countries, President Dalia Grybauskaitė said on Wednesday.
According to Ernst & Young's (EY) annual Eurozone Economic Growth Forecast, Lithuania will surpass Latvia next year as the fastest growing eurozone economy, even though Latvia's economic growth is expected to grow faster than this year.
